Alvarez & Marsal is moving to dismantle the traditional consulting model by predicting that AI will power 50% of its professional services within the next three years. To manage this transition, the firm recently announced the formation of a Global AI Board chaired by Managing Director Antonio Alvarez III. The strategy shifts the
The firm is fueling this pivot by poaching senior talent from major competitors, most notably Malka Katzin, who joined as Chief AI & Knowledge Officer from Boston Consulting Group. Alongside COO Steve Wallace, Katzin is tasked with coordinating a firm-wide approach to scaling internal and client-facing AI capabilities. This board will oversee governance and risk management while ensuring AI tools are integrated into core service lines. Katzin noted that the firm’s operational rigor is a natural fit for the technology's evolution, stating, “AI is breaking the traditional consulting model—and we are built for what comes next.”
By prioritizing measurable outcomes over digital theory, A&M intends to use AI to amplify its existing operator-led model. The board’s mandate includes reshaping how organizations operate at scale and driving cost efficiencies through process transformations. This disciplined approach aims to treat AI as a tool for lasting competitive advantage rather than a standalone experiment. Antonio Alvarez III emphasized that the firm is applying the technology with a focus on real-world utility, stating, “At A&M, we are applying AI with the same pragmatism and discipline we bring to everything we do.”